Westpac Banking Corp purchased a new position in Teradata Corporation (NYSE:TDC) during the first quarter, Holdings Channel reports. The institutional investor purchased 4,790 shares of the technology company’s stock, valued at approximately $126,000.
A number of other institutional investors have also recently bought and sold shares of the company. ETRADE Capital Management LLC purchased a new position in Teradata Corporation during the third quarter worth approximately $221,000. Russell Investments Group Ltd. purchased a new position in Teradata Corporation during the fourth quarter worth approximately $14,605,000. ING Groep NV purchased a new position in Teradata Corporation during the fourth quarter worth approximately $220,000. Aberdeen Asset Management PLC UK increased its position in Teradata Corporation by 19.6% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 120,444 shares of the technology company’s stock worth $3,272,000 after buying an additional 19,711 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Teradata Corporation by 32.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 969,079 shares of the technology company’s stock worth $26,330,000 after buying an additional 237,259 shares during the period.
Teradata Corporation (NYSE:TDC) traded down 0.28% during trading on Friday, reaching $28.30. 23,434,816 shares of the company’s stock traded hands. The firm’s 50 day moving average is $28.49 and its 200 day moving average is $29.41. Teradata Corporation has a 12 month low of $24.27 and a 12 month high of $33.32. The company has a market cap of $3.66 billion, a P/E ratio of 22.07 and a beta of 1.31.
Teradata Corporation (NYSE:TDC) last announced its quarterly earnings data on Thursday, April 27th. The technology company reported $0.28 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.28. Teradata Corporation had a net margin of 7.45% and a return on equity of 28.55%. The business had revenue of $491 million for the quarter, compared to analyst estimates of $497.29 million. During the same period in the prior year, the business posted $0.47 earnings per share. Teradata Corporation’s revenue was down 9.9% compared to the same quarter last year. Analysts anticipate that Teradata Corporation will post $1.24 EPS for the current year.
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A number of equities analysts recently commented on TDC shares. TheStreet upgraded Teradata Corporation from a “c” rating to a “b-” rating in a research note on Thursday, March 9th. BTIG Research assumed coverage on shares of Teradata Corporation in a report on Monday, April 17th. They issued a “neutral” rating on the stock. BMO Capital Markets cut their target price on shares of Teradata Corporation from $32.00 to $30.00 and set a “market perform” rating on the stock in a report on Thursday, April 27th. Deutsche Bank AG reissued a “hold” rating and issued a $30.00 target price (down previously from $32.00) on shares of Teradata Corporation in a report on Saturday, April 29th. Finally, Sanford C. Bernstein assumed coverage on shares of Teradata Corporation in a report on Wednesday, May 24th. They issued an “underperform” rating and a $25.00 target price on the stock. Six equities research analysts have rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $28.38.
About Teradata Corporation
Teradata Corporation is a provider of analytic data platforms, analytic applications and related services. The Company’s segments include Americas region (North America and Latin America) and International region (Europe, Middle East, Africa, Asia Pacific and Japan). Its offerings include analytics solutions, ecosystem architecture consulting and hybrid cloud solutions.
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